At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.
We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.
Join us for the opportunity to grow and make a difference in ways that matter to you.
Role Summary
As a part of the Fellowship Program, you will rotate approximately every 6 months for up to 2 years within the following departments:
- Trading / Portfolio Modeling (Equity and Fixed Income)
- Quantitative Research – Equity, Fixed Income, Multi Asset
- Enterprise Risk
- Distribution Channels
You will leverage your analytical and quantitative skills by working on projects and assignments across various business units. Additionally, you will further develop knowledge and skills in the following areas:
- Portfolio Modeling
- Quantitative Portfolio Analysis / Portfolio Attribution / Portfolio Construction
- Multi Asset Research
- Quantitative analysis / Research and Trading Research
- Transaction Cost Analysis
- Enterprise and Portfolio Risk Analysis
- Competitive Analysis and Market Intelligence
- Predictive Analytics
Responsibilities
Responsibilities will vary based on rotational placement, but may include:
- Determine the value of a security by examining its numerical, measurable characteristics, such as revenues, earnings, margins, and market share
- Search for exploitable patterns in data that can be used to reinforce or alter portfolio managers’ behavior and avoid unintended consequences
- Evaluate derivatives as risk-adjusted return enhancement strategies for portfolios
- Assess portfolio structure to manage risks of style drift
- Analyze transaction costs and trade execution performance
- Measure and optimize performance of brokers and algorithms and evaluate the effectiveness of our trading strategies
- Assess derivative exposure in portfolios, liquidity analysis on balance sheets, redemption analysis studies, and competitor analysis research
- Analyze exposure to risk and determine how to best handle such exposure
- Divide investments among different kinds of assets, such as stocks, bonds, real estate, and cash, to optimize the risk/reward trade-off based on an individual’s or institution’s specific situation and goals
- Analyze data gathered and used by a company for the purpose of learning about its competition in a given market
Qualifications
Required:
- Full time student pursing a bachelor’s degree with and expected graduation date of December 2026 – May/June 2027 with a minimum cumulative grade point average of 3.5 on a 4.0 scale
- Must be majoring in one of the following areas or have at least a min of 24 credit hours in related courses: Engineering, Applied Mathematics, Computer Science and/or Physics
- Strong analytical skills and the ability to solve problems while showing intellectual curiosity.
- Savvy usage of technology and a data driven mindset.
- Ability to process a variety of information and quickly draw relevant conclusions and summarize results
Preferred:
- Exposure to fixed income, equity research, or portfolio analysis through coursework, internships, or professional experience
- Experience conducting fundamental or credit analysis, including evaluating company performance, financials, and competitive positioning
- Familiarity with financial modeling, attribution analysis, or market research
- Experience presenting analysis or investment recommendations to stakeholders or peers
- Working knowledge of tools such as Excel and/or exposure to data or programming languages (e.g., Python, SQL)
- Demonstrated ability to collaborate across teams and manage multiple priorities in a fast-paced environment
- A growth mindset with commitment to ongoing learning of AI-augmented platform
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for hybrid work, with up to one day per week from home.
Applicants for employment in the US must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States (e.g., H1-B visa, F-1 visa (OPT), TN visa or any other non-immigrant work status).
Base Salary Ranges
Please review the job posting for the location of this specific opportunity.
$85,000.00-$110,000.00 for the location of: Maryland, Colorado, Washington and remote workers$85,000.00-$110,000.00 for the location of: Washington, D.C.
$85,000.00-$110,000.00 for the location of: New York, California
Placement within the range provided above is based on the individual’s relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.
Commitment to Diversity, Equity, and Inclusion
At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.
Benefits
We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.
Featured employee benefits to enrich your life:
Competitive compensation
Annual bonus eligibility
A generous retirement plan
Hybrid work schedule
Health and wellness benefits, including online therapy
Paid time off for vacation, illness, medical appointments, and volunteering days
Family care resources, including fertility and adoption benefits
Learn more about our benefits.
Skills Required
- Full-time student pursuing a bachelor's degree with expected graduation Dec 2026 - May/June 2027 and minimum cumulative GPA of 3.5 on a 4.0 scale
- Major in Engineering, Applied Mathematics, Computer Science, or Physics OR at least 24 credit hours in related courses
- Strong analytical skills with ability to solve problems and demonstrate intellectual curiosity
- Savvy usage of technology and a data-driven mindset
- Ability to process varied information, draw relevant conclusions quickly, and summarize results
- Applicants must have work authorization that does not require sponsorship for employment in the United States
- Exposure to fixed income, equity research, or portfolio analysis through coursework, internships, or experience
- Experience conducting fundamental or credit analysis, including evaluating company performance and financials
- Familiarity with financial modeling, attribution analysis, or market research
- Experience presenting analysis or investment recommendations to stakeholders or peers
- Working knowledge of Excel and/or exposure to data or programming languages (e.g., Python, SQL)
- Demonstrated ability to collaborate across teams and manage multiple priorities in a fast-paced environment
- Growth mindset with commitment to ongoing learning of AI-augmented platforms
T. Rowe Price Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about T. Rowe Price and has not been reviewed or approved by T. Rowe Price.
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Retirement Support — Retirement offerings are positioned as a standout, including strong 401(k) matching/contributions and related long-term savings features. Employee stock purchase options are also cited as part of the overall rewards structure that adds value beyond base pay.
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Leave & Time Off Breadth — Time-off benefits are repeatedly framed as generous, including sizeable PTO allotments and multiple paid-leave categories. This breadth of leave is described as a meaningful component of the overall rewards package.
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Career-Linked Recognition & Rewards — Annual bonuses and performance-linked rewards are described as common components of total compensation. Tuition assistance and development support are also presented as rewards that reinforce longer-term career growth.
T. Rowe Price Insights
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What We Do
T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on—now, and over the long term. Headquartered in Baltimore, Maryland, we provide an array of mutual funds, subadvisory services, separate account management, recordkeeping, and related services for individuals, advisors, institutions, and retirement plan sponsors. At T. Rowe Price, we believe in strategic investing. It has guided how we do business for more than 80 years, and it’s driven by independent thinking and rigorous research. So our clients can be confident that we’ll strive to select the right investments as we help them achieve their objectives. Strategic investing means that we don’t stop at surface level analysis. Instead, we go beyond the numbers. Our investment professionals travel the world, visiting the companies they evaluate. It’s this passion for exploration and understanding that has helped inform better decision-making and prudent risk management for our clients since its founding by Thomas Rowe Price Jr. in 1937.
